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worked until 66, but i was forced into retirement after my company said most of the job to china. all you have to do is look around and see owns all the gas stations and 7-eleven's. those people are the rich ones that come from their countries and turnaround and bring their servants with them. that is who is running those businesses. host: what do you think needs to happen in the next couple days before the end of the year? caller: one has to happen if the republicans have to agree on bringing the jobs back from overseas. the democrats could maybe agree on cutting back on some of these food stamps, especially for people that have come here and have never worked for the country and don't deserve it. host: on twitter -- another story this morning, this from "usa today." we are still getting your thoughts for the next five or 10 minutes in this first segment of the washington journal on john boehner's "plan b" that was released yesterday in case the negotiations break down over the fiscal cliff. william from north carolina is on our independent line. caller: i was calling to tell you that th
on china as part of his blessing and offered prayers for peace in syria, a solution to the crisis, and tolerance in china. the catholic church faces discrimination from the communist leaders. he also encouraged egypt to build a just and respectful societies. the archbishop is getting his first taste as leader of the archdiocese and baltimore. he celebrated his first christmas mass with hundreds of parishioners at the cathedral of mary our queen. he spoke on the meaning of christmas and the tragedy in connecticut. >> my heart was cells of the folks -- is with all of the folks, asking the lord to give them consolation and healing. certainly to let them know our solidarity with them in prayer. they have been inundated with so many things, phone calls, but what they and really need are our prayers'. >> he spent 11 years as bishop of bridgeport, conn. for jews, christmas is a day of volunteering. more than 600 took place. families prepared winter care packages for homeless shelters. they include scarfs and hats made by members of the community. organizers say it was important for the c
states structure and whether we should be spending money to fix it. number 5, is china slow something we know they will be the biggest economy in the world by 2020. >> china. >> chain a. >> chain a. >> reporter: they are getting more than a few mentions during the campaigns. probably because it's pretty clear they are both a com petter and a partner. >> number 4. europe. the european union was fractured by to much debt and the aust, rity plans to fix it. that is far from over. number 3. the housing market. finally bottom out. the combination of low home prices and continued record low mortgages set off a building and buying spree. well heeled investors started buying entire neighborhoods but first time buyer was also able to get a home for the first time in years as long as they had a heavy down payment. >> number number 2. >> project that obama will be re-elected. >> the election was about social. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after
this could mean for children who need loving homes. >> the made in china label is taking on a new meaning for this woman. >>> it's moving closer and will be here in the morning. inches of snow are just to the west. wyatt everhart has been monitoring the situation for days now. when do we expect the snowfall to hit because a lot of people are trying to plan their day. >> expect to wake up to the beginning of the this storm. snow showers just before dawn. most of us start with snow, and then the changeover and then it will move somewhat north. this is going to be throughout the day on saturday. it includes all of our northern count aies. hartford -- counties. hartford down through howard. not to say that areas across to kent island. you will get a few hours of snow in the morning, an inch or two of slush. temperatures now depends where you're looking at. we're below freezing in york. the freeze line will shift south overnight tonight. the storm is already moving to garret county, but the main storm is still well to the west arriving in earnest through the morning hours. so snow showers by d
it, merry christmas. well, energy guzzler, china's coal imports are almost up 35% since this time last year. the international energy agency warns that coal is on track to be the world's chief energy source by 2017 mainly because of china. what's an environmentalist to do about all this of. we asked bob deans of the natural resources defense council at the top of the hour. stay tuned. and let's go back to nicole for a check on microsoft right now. of course that's stuart's favorite stock. what's it doing? >> that's right, he always discloses that he owns some shares. well, if he were to be watching right this moment he'd be disappointed because the stock here is down nearly 1%. the biggest loser in the dow jones industrials and the experts have been watching the shopping this holiday season, are not seeing the shoppers really buying windows 8, the latest microsoft software and saying while the parking lots have been full in the malls and such and apple store is bustling and people are leaving with packages, while people are intrigued with microsoft 8 they're not really getting in
have as in this for a while. i think there is always china, europe, and the congress that can miss this up. i think it is hard to stop this recovery. we have done everything we can to do it. we can do it again if we try hard. i think we will not succeed this time. >> we have not talked about the creation yet, which polling showed is a major concern for americans. for the long-term unemployed who have been left behind a little bit and then to the economic recovery, do you feel like the president and congress is doing enough to address the problem? what politically and realistically could be done in the next four years? >> i think the president is committed to this. i think he would like to see an extension of unemployment insurance. he would like to see it if possible an extension of the payroll tax cut. we just released a $4 trillion deficit revenue plan that calls for four and a billion dollars in short-term stimulus. we think there is a need for a infrastructure and roads and bridges. we think it has to happen sometime in the next 20 years. we have a situation with incredibly low
on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like william sonoma and home depot, names that did a great job investing in the supply change, a name like american eagle stands out in that regard. those are probably our top picks heading into 2013. >> jay, what would you avoid? >> anything that's a commoditized retailer. you'll get killed by amazon and other low-cost providers, names like best buy, barnes & noble, any of the office guys. i think most of those names are dead in the water right now and definitely names to avoid at this point. >> dana, any names we missed from you? >> i t
is about to kick off in china, including ice and snow sculpture competitions music performances, and other activities. more than 2000 works will be on display. that is kind of like what we see at the gaylord the national harbor, just a little bigger. >> we are looking at a wine the night and one in the day tomorrow. . windy night and day tomorrow. looking outside right now, the camera is not moving much on top of the building, but the wind is increasing. when gusts up to 40 m.p.h. as we move into the early morning hours, into the day tomorrow. the temperature right now, 40 degrees at reagan national, the windshield not so bad, 37. frostburg, 43 m.p.h. wind gust over the past hour, 27 degrees. 36 children's hospital, the wind gust over 40 m.p.h. the western side of maryland, 40 m.p.h. or wind gusts, the same wind at about 20, the temperature of 24 an accident maryland the clouds beginning to dissipate, 30 degrees dulles airport, gaithersburg 36. fredericksburg 42 degrees. the really cold air, well off to the west, seven degrees minneapolis. the arctic cold air is not going to make its way
than year sea level. locally, this will not be 65 feet of snow at the spot in china. remember, i read this and i just said -- what? there could be an avalanche and buried villages in the mountainous areas of china. livestock were buried, many of them killed. villages are working the other to clear the snow. from the looks of the video, it will take quite a long time. >> i thought you meant it dropped 65 feet before the storm already world. >> hopefully they have emergency kids. >> i'm sensing a theme. >> this is not a mega storm, not a monster. just a few inches. let's start with the current conditions and then we will get into the details. 38 right now at the airport. winter weather and risers are in effect for all county shaded in blue for saturday. if you are not shaded, that not mean you will not get any. revised he's extending all the way down into the ohio valley because the storm visiting us is just now getting its act together around the gulf coast and moving through the ohio river valley to visit us saturday morning. this is a quick moving storm that does not have a lot of mo
,000 locations in the u.s. and another 6,000 around the world. china plays a big role in starbucks' expansion plans. coffee chain hopes to have 1500 stores in china by 2015. >>> we all love the smell of pizza just out of the oven. >> but do you love it enough to spray it on your neck? coming up pizza perfume. does this idea stink or is it genius? >> not really. >> all right let's talk about what's going on because we are dealing with some very cold temperatures but the 60s are in the forecast. when they come back coming up. >> everything is nice can clear here on -- ask clear here on route 95 in harford road. what traffic looks like on 695 and 83 coming up on "good morning maryland." >>> well the happiest place on earth is about to get a lot bigger. today the new fantasyland opens in orlando. it features new villages like the be our guest restaurant. the addition will cost $425 million. it will be doubling the sides of that portion of the magic kingdom. disney says it's the largest expansion in the park's history. >>> take a minute and imagine that fresh smell of pizza. thanks to pizza hut yo
in medical equipment to russia in 2011, but we face strong competition from china, which increased its share of the russian market in each of the last ten years. mr. president, we don't shy away from strong competition, but we want that competition to be able to be played out on an even playing field. and as long as we don't have normal permanent trade relations with russia, we're disadvantaging ourselves. it simply doesn't make sense. russia has agreed he, since joining the w.t.o., russia agreed to reduce average tariffs on medical equipment to 4.3% and to cut its top tariffs from 15% down to 7%. as it stands now, that is a benefit that china will get, and we will not. it simply doesn't make sense to anybody. to grant russia pntr status requires us to repeal the 1974 jackson-vanik amendment. a lot of our staff members, i hasten to say, were not even born back when jackson-vanik was put in place. and many of our colleagues and a lot of our staff have studied the soviet union but have never really experienced that period of time, and what we're living with is a complete and total relic of a b
and implementation of a national high-speed rail system is one of my highest priorities. china is offering 13 types of railways and has 20 under construction. by 2020 this network will cover nearly 10,000 miles. when i looked at the title of this hearing about what mistakes have been made it seems to me one of the number one mistakes is our lack of continued commitment to high speed rail in providing adequate dollars to be able to have a true system in the united states. not only are we not investing in alternative to highway system that we are spending it on band-aids for infrastructure rather than investing in the top tier system. our president has taken bold steps and the secretary has carried that flag with us but we must provide the support to provide the additional dollars that are certainly going to be needed as mr. denham reference to get the project going. when you consider the amount of money spent on gasoline, aging infrastructure and all of the changes, certainly high speed rail must be at the forefront and when you consider federal reserve bank of san francisco reference the infrastruc
% of the crops are gone. >> sreenivasan: the typhoon is now swirling over the south china sea. it's expected to break up by the weekend. washington state is now the first state in the nation where recreational use of marijuana, by adults, is legal. the new law was approved by voters last month, and took effect at midnight. in seattle, about 100 people marked the occasion by smoking joints beneath the city's iconic space needle. technically, doing that in public remains against the law. marijuana is still illegal under federal law. but the justice department has not said if it will try to block the washington state law or a similar statute in colorado. same-sex marriage also became legal in washington state today, and in maryland. gay and lesbian couples in both states began picking up marriage licenses. those in washington state have to wait three days to be married. same-sex weddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless claims fell s
to three children, and mom and dad to jaden, a six-year-old girl they adopted from china. >> jaden, what do you want from christmas? >> a pony. >> reporter: meanwhile, the other ticket sold in arizona may have turned up 2,000 miles away from maryland. this man claims he has a winning ticket. but the lottery computers in maryland are not designed to check out of state tickets. back in the small town in missouri where the hill family says they will remain, there are corrections, information that the jerseys led to the winning numbers was a coincidence. the ticket was a quick pick. >> although we love the royals, so -- >> reporter: oh, and locals have made it very clear to everyone this town is not called dearborn. >> dearborn. >> reporter: the family here says they do plan to share the wealth. among the causes close to their hearts, adoption, something that they say they may now do again. brian? >> kerry sanders in dearborn, missouri tonight, thank you. >>> and tonight, a huge weather system is causing trouble on the west coast, bringing heavy rain, lightning and snow to a region that is now
years. it is because of the free trade with china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some reve
and another room, some guy from china just plays some buys. >> he wanted some of the rare american games. >> now he has out groan his house and is moving to a store front across the street. >> it's a piece of culture. this is a big part of what america is right now. >> so from the spare to the dining room to the den to back outside where you name the game business burns rightly. >> i couldn't have imagined we would be able to do this. >> brian's company is called you name the game and you can find them online and facebook. we how old love to chat about hard to find video games he has. >> that's impressive. well, the radio will not sound the same tomorrow morning on mix 106. something will be missing. that is jojo. his contract would not be reknewed. he has been with them for 18 years. >> he is going the be missed, but he will have no problems getting a job. he buzz great for this town. what a great business huh? >> you going to be here tomorrow? [laughter] >> just one minute, we will be back with more abc2 news. >> did you skip black friday? we have smart shopping tips. >> and temperatur
words next year, made in america. right now the macs are made in china. it is a new wave of think hog say the cost of shipping finished products does not add up. >>> welcome to the national fruit cake month. yes, december, we're seven days in. when uncle larry comes, can you thank or curse the romans. it was called raisins and pine nuts. but lost over the years though is something that make those heavy breaks of cake more enjoyable. you see in the old days they were soaked in brandy to preserve them and prevent mold. now most mass produced fruit take does not come with alcohol. unless you include the six pack that uncle larry brings. >>> we're guilty of it, sharing office gossip around the water cooler. >> everyone is guilty, why it is not encouraged. good morning maryland starts now. >>> it made headlines now one of the people convicted in the beating will face a jung today. >>> the former mayor is in trouble. the faces she is facing. >>> a day will be remembered. how baltimore will commemorate the anniversary of japan's attack on pearl harbor, friday, december 7th. >> and thank you
government and it stunned official washington. in china mao tse tung's people's liberation army and shanghai check's nationalist forces on the run the following year, the communists would assume command of the world's most populous nation. 1950 was a particularly eventful year. in january scientists called fuchs surrendered to british authorities admitting he was a nuclear spy the same month a halter hiss was convicted of perjury. the statute of limitations on espionage have inspired and he was sent to jail. in may, the fbi arrested harry gold who identified julius and ethel rosenberg as conspirators in a plot to give nuclear secrets to moscow. in june, north korea invaded south korea and presented the u.s. with a choice, turn back the invasion or allow the communists to secure a key piece on the chessboard of asia. in 1952 whitaker chambers published "witness". which argued that the united states faced a transcendent, not a transitory crisis, was not one of politics or economics but of faith, and secular liberalism, a watered-down version, no wonder the liberals have never forgiven chambers
in places like china? >> yeah, well, take this robotic device i just-- this is a medical device and under the obamacare law, medical devices will be subject to a tax because they have to pay for obamacare. >> paul: yes. >> this is the sort of thing, if we keep doing will suppress the growth of technology in this country and then again, there's the issue of immigration policies. a lot of this technology driven by engineers who come from asia, silicon valley and has been the result of immigration into the united states. if we don't stand in the front of these things, we can grow. >> paul: dan, thank you. coming up in our second half hour, a look ahead to 2013. is the economy poised for a comeback or high unemployment continues to drag us down. get ready for obamacare, what to know as key provisions kick in. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. >> live from america's news headquarters, i'm heather
like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers and silicon valley has been the result of immigration in the united states. if we don't stand in front of these things we can grow. >> thank you. >>> coming up in our second half hour a look ahead to 2013.k is the economy poised for a come back, or will slow growth and high unemployment continue to drag us down? and get ready for obama care. what you need to know as some key provisions kick in. >>> it was terrifying moments at a phoenix bank. workers arrived to find one of their co-workers with a device around her neck, but the device was harmless. she was taken hostage the night before and held against her will overnight. police say the man who did it took her to the bank this morning and
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
pickpocket. >>> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china party chief boojili was getting rid of crime and corruption till this summer when a court convicted his wife of murdering a british business man and the government accused him of trying to hinder the investigation as well as taking bribes and abusing his power. now he's been kicked out of the communist party. leaders voted to expel him in november number three, a service becomes not so secret. the role of protecting the president when he trabs abroad has moments of glamour and excitement. that included hookers for some is secret service agents and military personnel visiting cartagena in advance of the president's arrival last april. it won't have bothered colombian authorities since prostitution sgs legal there. local police only got involved because of a hotel altercation between a woman and a secret service agent over the payment. number two, it's been called the building that never sleeps but the bbc's london headquarters says it was completely unaware of the
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
year old yuee y ao who was visiting her new grandchild from china. the judge sat at unisys bail at $2 million. if she posted she must wear a scram device to make sure she does not drink and she is not allowed to drive. she will be back for our arraignment on december 31st. approval ratings for president obama and his cabinet i mixed. a new poll shows 52 percent of people surveyed approve of the president's performance while 43 percent disapprove. vice-president joe biden number is wet and art but in line with the president. 54 percent approved is the performance of 40 percent do not. presley michelle about has a 73 percent approval rating. >> and delta also the majority of americans support stricter gun laws but mostly against banning assault weapons. 58 percent of americans now say they support stricter gun laws and that is up from 43% in october 2011. the american public is split on enforcing existing gun laws instead of passing new ones 46% of the public wants and forced her loss of 47 once new legislation. education officials and officials at santa cruz city schools are expected t
in this country. we're better than china. meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a
was president, the republicans mainly were running the congress when we had things like nafta, china most favored nation status, the wto, the world trade organization, all of these trade deals that people claim were going to bring jobs to the united states and in every case the jobs left. >> many publications are putting together their year-end list of notable books. book tv will feature several of the books focusing on the non-fiction selections. these titles were included in foreign policy magazines must read books to give in breakout nations in pursuit of the next economic miracles on the set is another author we want to introduce you to a and this is brian. here is his book castor's secrets the cia and the intelligence machine. if you could start by giving us your background, particularly your cia background. >> i worked at the national intelligence council in washington for about 45 years. i ultimately became the national intelligence officer for latin america which is a tree or four-star military equivalent but it's a pretty substantial position and i had the responsibility for all
... an oregon woman finds a letter from china... in herrhalloween ecorations. decorations.julie keith says phe opened a package she bought t -mart... only to find what appears to be a describes horrible condittons at a labor camp in china. unsigned-- but claims that peeple are being punishhd and portured ffr not workingghardd enough. t also claims they get paid less than two dollars a month... and begs the reader to et keith says: " thissis someone really put their life this."not knowing what to do with the letterr.. keith posttd it on facebook. her friends urged her to contact the u-s immigrations office.... but officials say thhy can't verify the authhnticity of the letter..-&k some backlash for going ppblii and possibly puttingglives at risk. baltimore could see he effectssof an expected longshoreman strike... as soon as this weekknd. weekend.the connract between association and the u-s maritime alliance is set to expiie sunday.the key sticking point is over large containers and the payments that shippinggcompanies pay em. royalties to the longshoremen for the contai
and more is expected in the next several years. >> a house in china that stood as a symbol of resistance has been turned down. it sat in the middle of a road. the neighborhood around it was destroyed but the owners refused to sale so the government built the road around the home. in the end the owners agreed to take $41,000 in compensation and the home was torn down. >> it has been a wet week here in the bay area but what about the sierra in how much snow is expected to fall by the end of the weekend. >> and a ramp on the run from police. more of this video and tell you how it all finally ended. . >> a bit of a lull in the wet weather coming our way for today with the next powerful punch already on the way as well. . >>> quite the unusual police pursuit stalled traffic in iowa yesterday. a ram jumped from a trailer started running. officers tried catching with their cars but it didn't work president the ram then ran for about an hour before a crowd was able to corner it and tackle it. the homeowner was cited for having an animal at large. >> poor guy. it is going to be a snowy weeken
showed up in la jolla, california. he bought all kinds of things, most made in china. he bought paper plates, dixie cups wrapping paper v8 juice drinks pretzel snacks, bisquick and bottled water. he also got a model car which will be a gift for one of his grandkids made by the mysto company. >> bill: they've got a car elevator! >> good point. tmz got the run-down of what he bought. they also reached out to mysto the people who make the toy cars. none of their products are made in america. they're all made in china. >> bill: evan, you've reported, now we know from john sununu echoing mitt romney that he's in la jolla and barack obama is in the white house because obama depended on people who were dependent on government. it is just the handout, the takers are the ones who elected barack obama. >> right. the gifts argument. i think there has been a split on the language of this, whether or not the actual ideals of it. the language, split since romney lost and made his little gifts comment after the election.
there that could be laying the ground work for strategic help for rebel groups. also for russia and iran and china and other countries that support the assad regime to perhaps distance themselves a little bit from the syrian president. we have all those reasons that are coming -- that are like the pieces of the puzzle. you make it out. is the threat of chemical weapons being used against the syrians an imminent threat? you have a lot of opinions out there that that's not the case right now. >> good balanced approach. we like that. a lot of people just kind of beating the drums here. want to get the other side as well. thank you, paula. >>> seran is the onlying nerve gas we've been talking about so far in sear yashgs but they -- >> military analysts believe that syria may have one of the most extensive chemical weapons stockpiles in the world spread through production and storage facilities throughout the country. this, they say, is a result of an aggressive development program started in the 1980s, aided by the russians and the iranians, and has been cause for concern before. not only because the
in the administration, no confidence in the government. we are having people buying $500 billion of our debt, china and japan, for example, do you think they are going to do it under these circumstances? we are looking at a tremendously difficult long- term problem, short-term problem, and immediate problem. >> actually, america is borrowing money at record low rates and the rest of the world parks their money here. i think we're in a strong position. i think the rational thing to do is to pass the legislation that the senate passed which extends the tax cuts for 98% of the people, then duke it out, and the fact that the claim bear of commerce and the business round table are all coming down on the president's side saying that they agree that the top rate should go up is a powerful shift in alliances, and i think the republicans are going to fold. >> i have to say one thing. the people who are buying our debt is called the federal reserve bank, okay. >> uh-huh. >> their balance sheet has almost quadrupled. by far and away they're buying 70 to 80% of our debt. that's where the money is coming from.
. what if everyone in china had two cars and a swimming pool? that is not sustainable. the reason we cannot make any political progress is we have this cognitive dissonance. at the beginning of the session assayed save your money and consume more. at the same time. amazing. we have got to get beyond an economy that is predicated on unlimited, increasing amounts of consumption was no end in sight. the end is in sight. maybe if we have to cope with the reality for awhile longer, we can be more intelligent. >> on that note, we have to wrap up. one of the things that intrigued me with these kinds of situations is that ideas are very -- is very scarce resource and we have to think about maximizing and amplifying ideas. that is so incredible. the idea of possibility is so, i think, important to celebrate. when i say possibility, if people say you cannot do that and cannot do this and cannot think that, people are like -- there is a [inaudible] at work. we have to rebuild a new economy. above all, the fact that you're right. if we do not do it the planet will do it for us. i will leave it a
now for five things to know on wednesday morning. china opens the world's longest high speed rail line today. trains at high speed lines have initially 86 miles an hour with a total travel time of 800 miles an hour. the fastest time on record was 200 miles an hour. >>> the rush is on after a disappointing holiday shopping season. retailers are hoping to entice shoppers with after christmas day sales. this is typically one of the busiest shopping days of the year. >>> today is the first celebration of the kwanzaa celebration. it was started by the chairman of the black steud at cal state university's long beach. the holiday ends on january 1st. >>> the day after christmas and persuasive -- and places like the canada and the united kingdom it's boxing day. traditionally this is the day that service workers would receive gifts from their employers. in the 1980s the holiday turned into a shopping day that resembled black friday in the united states. >>> president barack obama had a pretty good 2012. he won reelection and then saw his signature healthcare law upheld in the u.s. supreme cou
prices. and china now has the longest high speed rail line in the world. more than 1400 miles. trains began traveling this morning between beijing and gwongjo at more than 200 miles an hour. that's "america's money." i'm brandi hitt. >>> he ambushed and then killed two people in cold blood. we have new details on a deadly murder-suicide involving volunteer firefighters in new york. >>> and it was a difficult christmas for those in newtown, connecticut, still reeling from a mass shooting two weeks ago. we'll take you there and show you how that community observed the holiday. >>> it wasn't the christmas morning they had planned. severe weather pounds the southern united states and it could be affecting us by the end of today. we are watching the skies and the roads to keep you ahead of the storm. those details straight ahead on this wednesday morning. i hope you had a great christmas. i'm megan pringle. >> i'm charley crowson. let's get right to that weather because this was a big problem yesterday. mike massco is standing by. could be a big problem for us today. >> sure. it dropped
resourceed orphanages. >>> you got to see this. terrifying moments for shoppers at a mall in china. a shark tank burst open. the aging tank material could no longer contain all the water and the fish inside. it is pretty incredible when you see that. 16 people were hurt all threesharks died. the aquarium was installed in the shopping center two years ago. mall officials say they have no plans to rebuild the fish tank. >>> five things to know. desert storm commander general norman schwarzkopf died at the age of 78 on thursday in tampa from comply cages from pneumonia. -- complications from new known yeah -- pneumonia. >>> former president george hw bush's family says they are confident he will be out of icu soon. he has been in the hospital for more than a month after coming down with bronchitis. he is being treated for a fever at a houston hospital. >>> for a 5th year in the row americans are pulling money out of the stock markets. 380 billion has been removed before the start of the great recession. people have continued to even sell their stocks doubled since march 2009. >>> fewer america
of mac computers in the united states. the company will spend $100 million to shift production from china. apple originally made its computers in the u.s. but began outsourcing in the mid-1990's. t mobile will begin selling apple's iphone next year. it will become the last of the four largest carriers to offer the best selling device. analysts say adding the iphone may help t mobile lure more customers to long-term contracts and hold on to more subscribers. people are still loving the iphone, even with the dom nance of the samsung galaxy starting to take over. >> except mike. >> and derek, hello. >> who's learning. >> they're all good. >> somebody will have it under their tree i'm sure. >>> two months after montgomery county repaired a pothole riddled street, a utility company announced plans to dig it up again. >> don't you hate that? 9news returns in two minutes with more on that story. plus, your weather first. >>> good morning. welcome back to 9news now. it is 4:44 on friday. now it's a yellow alert day which means what? >> well, we have the yellow alert because that moisture is movin
and their families. >>> more than 100 people have been thrown in jail in china for spreading rumors about the world's impending end. >> the mayan calendar stops december 21st 2012 leading many to believe there's going to be no december 22nd. >> for those who think it's true they are loading up on gas masks and meals ready to eat and building bunkers. you but experts say not so fast. people are reading way too much into this mayan calendar thing. >> they did not only predict an end to the world or calendar, but they predicted that things would go on for thousands of years after 2012. >> stories about december 21st have been extremely popular on the website so head to abc2news.com to see what nasa has to say about the mayan calendar and 7 movies about the end of the world. >>> all right roads littered with debris and boarded up homes. some of the things people remember in the aftermath of sandy. >> this morning there are signs of progress in the area. we will tell you who's been allowed to move back in and when they expect to see business. >> also, the big makeover one classic toy is getting. how boy
and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas, shoppers extra time lift the macy's holiday sales. have a good night. here you go. you, too. i'm going to dream about thatteak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on anyew volkswagen. visit vwdealer.com today. manning, fires in the end zone, touchdown. t against peyton manning. he and the broncos cruised to a wins thursday night. during the game he completed his career pass, joining only favre as the reach the mark. broncos play the ravens next week. out whether find the redskins
if it were any other way. let's take a step back and look how this looks if america jeects this treaty. china has joined, russia has joined. we are the country that set the standards on rights for the -- of the disabled. we want everybody to play by international rules. we lose credibility if we turn around and refuse to participate in a treaty that merely asks other nations to live up to our standards, our rules. i'd like to point out that we got a letter from the blind chinese dissident, guen chon chang talking about the plight of the disabled around the world and what a strong message it would send if the united states ratified this treaty. there's no reason why we can't say that we lived up to our obligations. we need to step up and do the right thing for bob dole and our veterans throughout the world. i'd like to enter into the record at this time a letter from the very well known internationally blind chinese dissident who recently left china miraculously and thank god for the efforts of our state department and our government. the presiding officer: without objection. mr. mccain: i quo
say it was china that got it started, but it was interrupted by president obama. nicole: why do you think december, traditionally, we know for a fact, december is the best performing month since the year 1950. >> it is the end of the year. windowdressing. money pouring in that may have missed the market already. it is also self-fulfilling prophecy. all of those add up to the same reason. it is also the retailers posting their seasonal sales, etc., etc. that would be most of the main drivers. nicole: there is optimism here on wall street. of course, everyone waiting on the fiscal cliff here in washington. have yourself a very merry christmas. they did a great job. tracy: we have to get that on air. ashley: great voice, also. thank you. see you in 15 minutes. tracy: president obama focusing on keeping the entire country from going over the fiscal cliff. one person directly asking the president for a bailout. gerri willis has the latest. gerri: she says they are owed. wayne county voted 75% for the president. listen to this. >> our people, overwhelmingly, supported the president. there
like russia and china seek to extort control over the internet, but also the f.c.c.'s only actions adopting network neutrality rules undermine america's case abroad. i also fear that recent targets of cybersecurity executive orders here at home may be cited back to us by some foreign nations, with them accusing us of telling them to do as we say, but not as we do. historical hands off regulatory policy has allowed the internet to become the greatest vehicle for global, social, and economic liberty since the printing press. despite the current economic climate, it continues to grow at an astonishing pace. the f.c.c. commissioner and are in dubai this week as u.s. delegates, our committee has also sent representatives from both parties to keep an eye on the proceedings. they are the 193 member countries of the united nations are gathered to consider whether to apply to the internet a regulatory regime that the internet telecommunications union created in the 1980's for old-fashioned telephone service. as well as whether to swallow the internet's nongovernmental organizational structu
the united states and the west to china and the east, the powers of globalization of the digital era about how to deal with the 1.6 million muslims in the world come across to the iranian nuclear power. and i also like an internal press, low birthrates, assimilation and whether we can in effect succeeded at a time that we are more successful than matter and integrated into a society. it is a new phenomenon and that's why wanted to write the book. i else to write about that from israeli did. i think israel may be 40 times. three times this year alone during the carter and clinton administration is deeply involved in policies between the u.s. and israel. iran from the perspective of someone who has relatives in israel, has spent many, many years in israel. so if a unit perspective looking from the outside in and the inside out. >> ambassador eizenstat come israel is one of the few foreign-policy issues in the 2012 campaign. mitt romney saying he a sinuous anti-semite between the u.s. and israel. is the u.s. relationship and vice versa a healthy relationship? >> it is a remarkable relationshi
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